Brent crude just logged its steepest weekly drop in months, yet the Bitcoin (BTC) price barely budged. For the record, Brent is down 9% week-on-week against BTC’s 1%. That split is testing the oil and Bitcoin link many traders and market experts treat as a rule.
Bitcoin has a maximum supply of 21 million coins, a limit written into the network’s code by its creator, Satoshi Nakamoto. Once all 21 million bitcoin have been mined, no new bitcoin will ever be created. Regardless, the network is expected to keep operating much the same as it does today.
June 19, 2026, 6:36 amNine straight US spot BTC ETF outflow days and a 4% drop to $64.7k test Bitcoin’s bid.
June 19, 2026, 6:11 am
About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.
Bitcoin traders are scrambling to buy options bets that would pay off if the selloff deepens.
Bitcoin's volatility and correlation with macroeconomic factors highlight its vulnerability to global economic shifts, impacting investor sentiment.
Crypto dropped across the board on Friday in holiday-thinned trading, giving back the week's gains.
The disparity in Bitcoin adoption highlights the growing wealth gap, influencing economic policies and digital currency legislation across states.
Bitcoin rebounded from a steep June decline, but Glassnode data shows the asset remains below key recovery levels. Recent buyers are still carrying unrealized losses, while capital flows have yet to turn positive.
Santiment pointed out that 35.82% of Bitcoin's supply is held by whale wallets with at least 1k BTC.
Coinbase CEO Brian Armstrong reiterated his long-term confidence in bitcoin, saying he remains long the asset and expects much higher prices by 2030. In comments shared alongside a video, Armstrong described bitcoin as “the new digital gold” and pointed to historical market cycles as part of his outlook.
Bitcoin’s slump accelerated as capital rotated further into the AI sector, raising the odds of a BTC price drop below $60,000.
$62,602.00 -2.65%
$1.25T Market Cap
$29.53B Total Volume (2.35%)
$126,080 All Time High -50.35%
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